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South Korea's graduate job rate dropped to 69.5% in 2024, the first decline in four years, due to economic slowdown and reduced hiring.
South Korea's graduate employment rate fell to 69.5% in 2024, the first decline in four years, with 377,120 graduates employed—12,548 fewer than 2023—due to an economic slowdown and weaker hiring.
Foreign graduates saw a significant rise in domestic employment, reaching 33.4%, up 11.7 points from 2023, driven by improved data collection and increased hires.
Despite overall hiring declines, especially among small firms, job openings and hiring remained relatively strong for larger companies and in sectors like finance and business support.
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La tasa de empleo de graduados de Corea del Sur cayó al 69.5% en 2024, la primera disminución en cuatro años, debido a la desaceleración económica y a la reducción de la contratación.